Arcos Dorados Holdings Inc. (NYSE:ARCO) Short Interest Update

Arcos Dorados Holdings Inc. (NYSE:ARCO) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,660,000 shares, a growth of 6.1% from the October 15th total of 3,450,000 shares. Approximately 3.0% of the company’s shares are short sold. Based on an average daily volume of 874,500 shares, the days-to-cover ratio is currently 4.2 days.

Wall Street Analyst Weigh In

ARCO has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Arcos Dorados from $10.00 to $13.00 and gave the company an “overweight” rating in a report on Thursday, August 10th. StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a report on Monday, November 13th. Finally, Barclays increased their price target on Arcos Dorados from $10.00 to $13.50 and gave the stock an “overweight” rating in a report on Monday, August 7th.

Arcos Dorados Stock Down 1.3 %

Shares of Arcos Dorados stock opened at $11.29 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.79 and a quick ratio of 0.73. The company has a market capitalization of $2.38 billion, a P/E ratio of 14.29, a price-to-earnings-growth ratio of 1.23 and a beta of 1.18. The business has a 50-day moving average of $9.66 and a two-hundred day moving average of $9.73. Arcos Dorados has a 1 year low of $7.01 and a 1 year high of $11.93.

Arcos Dorados (NYSE:ARCO) last posted its quarterly earnings data on Thursday, August 17th. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Arcos Dorados had a return on equity of 51.64% and a net margin of 4.21%. During the same period in the prior year, the firm earned $0.07 earnings per share. As a group, equities analysts predict that Arcos Dorados will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ARCO. Avior Wealth Management LLC boosted its position in shares of Arcos Dorados by 60.6% during the third quarter. Avior Wealth Management LLC now owns 2,730 shares of the restaurant operator’s stock worth $26,000 after buying an additional 1,030 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Arcos Dorados during the second quarter worth about $32,000. Quarry LP boosted its position in Arcos Dorados by 607.6% during the first quarter. Quarry LP now owns 4,260 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 3,658 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Arcos Dorados during the second quarter valued at approximately $40,000. Finally, Spire Wealth Management boosted its position in Arcos Dorados by 48.2% during the first quarter. Spire Wealth Management now owns 6,150 shares of the restaurant operator’s stock valued at $47,000 after purchasing an additional 2,000 shares during the last quarter. 36.34% of the stock is owned by institutional investors and hedge funds.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.